CloudMade Lands $12.3 Million in Funding


Posted on 27th July 2010 by cloudhostingguy in Cloud Hosting


CloudMade has raised $12.3 million in series B funding led by Greylock Partners earlier today. This brings the startup’s total funding to $15.7 million. CloudMade provides data and tools for developers and OEMs for mapping and navigation applications.  This is all done in the cloud, helping to save costs to developers and OEM’s.

CloudMade’s platform allows third parties to create applications with stylized and customized map tiles, fully featured turn-by-turn navigation, in-app advertising, local search and data sets relevant to thousands of consumer activities. CloudMade distributes its collaborative mapping, package maps, geo services and advertising to developers and businesses; its main customers are mobile developers, OEMs and network operators. Some of the 12,000-plus developers using CloudMade’s API include Skobbler, OffMaps, Geocaching, Trails, Ride the City, GayCities, Dopplr and MotionX GPS.

CloudMade will use this money to build the world’s most comprehensive map and geo database, and serve this data to developers, device manufacturers and mobile operators.

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